PPP Loan Data — Mcguire Homes, LLC, Champaign, IL
Mcguire Homes, LLC
Entity: Limited Liability Company (LLC)
Location: Champaign, ILTweet This • Search All PPP Data
Mcguire Homes, LLC is a limited liability company (LLC) located at 307 S Staley in Champaign, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Mcguire Homes, LLC in Champaign, IL received a Paycheck Protection Loan of $24,900 through Busey Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mcguire Homes, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,074 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcguire Homes, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,675
- Rent: $6,225
Business Information - Mcguire Homes, LLC in Champaign, IL
307 S Staley
Champaign, IL 61822
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Champaign
In the Champaign area, 25 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $46,372 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Ironwood Homes Inc
Manny's Floor Covering
Hallbeck Homes Inc
Kennedy Enterprises, LLC- Kennedy Builders
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 29% lower than Mcguire Homes, LLC's reported 7 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $24,900.
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Footnotes & Information
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